Actually using the phrase “dubious” to describe them, Russian Central Bank First Deputy Governor Sergei Shvetsov announced news on Tuesday that Russia will block access to sites that offer cryptocurrency exchanges. The move represents something of a return to previous policy on the Russian government’s behalf...
Initial coin offerings (ICOs) have their skeptics. The latest person to come out against the popular cryptocurrency crowdfunding method is Wikipedia Founder Jimmy Wales, who called the capital-raising technique and “absolute scam.” In an interview with CNBC, Wales said that investors should be wary of...
With initial coin offerings getting attention from regulators around the world, European Central Bank governing council member Ewald Nowotny has disclosed that the European Central Bank is looking at putting regulation on the books regarding ICOs. In an interview with the Austrian weekly magazine Trend...
Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal. Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that...
The U.S. Securities and Exchange Commission’s former Chairman Arthur Levitt doesn’t think the regulator is equipped to handle bitcoin, the cryptocurrency that has been surging in value all year. According to a news report in Reuters, Levitt made the comments at the Economist’s Finance Disrupted...
JPMorgan Chase continues to route customer orders for bitcoin-related instruments, despite its CEO calling the cryptocurrency “a fraud” and threatening to fire anyone at the bank who trades it. A Reuters news article noted that while JPMorgan acts as an agent for buyers and sellers of...
Bitcoin, the widely popular digital currency, saw its price drop late last week after a news report surfaced that China was gearing up to shutter local cryptocurrency exchanges. According to a report in Reuters, sources close to a regulatory committee that is in charge of...
The Bank of Russia, the country’s central bank, released a new statement Tuesday (Sept. 5) highlighting the risks associated with cryptocurrencies and initial coin offerings (ICOs). According to a news report in CoinDesk, the Bank of Russia was prompted to issue the statement due to...
Bitcoin, the popular cryptocurrency, hit $5,000 late Friday (Sept. 1) but then retreated 5 percent in late trading, according to news from Fortune. According to the report, at the beginning of the year, the possibility of bitcoin hitting $5,000 per coin was laughable, but with the...
